Key words
Corporation Tax, IWETO-code: S141 Tax Law
Objectives
The course 'Corporation Taxation' will give you a thorough understanding of this subject matter, with a reference to the accounts of the company. At the end of this academic year you will be able to fill out the declaration form correctly and to calculate the corporation tax using or not using the necessary fiscal software. The main purpose is to look at the corporation tax from the viewpoint of the accountant.
Topics
1. Who is subject to the corporation tax
2. Basic principles of corporation taxation
3. Study of the taxable revenues
4. Professional expenses
5. The taxable profit
6. Determination of the taxable profit
7. Calculation of the taxes
8. Cases
Prerequisites
Prescience: principles of the personal income tax
Final Objectives
Knowledge
Job-related (specific):- Taxability corporation tax (see topics)
- Knowledge of the sources that contain bookkeeping, legal and tax data
- Knowledge of the professional tax literature
- Knowledge of the evolutions in tax law
- Knowledge of legal and accountancy documents
- Knowledge of statutory documents
- Knowledge of the information carriers needed in order to be able to make up the statutory documents
- Knowledge of the technical terminology
Skills
General:- Thinking and reasoning power
Job-related (general):- Ability to analyse documents
- Handle numerical data
- Follow evolutions in the fields of study and branches of business one is active in. Also follow economical life in general
- Ability to express oneself correctly
- Insight in complex situations
Job-related (specific):- Inform and give advice to customers in the field of bookkeeping and tax law
- Follow the quickly evolving legislation in the field of accountancy, tax and law and check whether the information is correct, complete and up-to-date.
- Translate rather formal texts into ready-to-use information.
- Trace, list and collect in an efficient and effective way all possible sources that contain tax data
- Check in an efficient and effective way whether the collected information and documents are correct, complete and up-to-date, point out difficulties and put in supplementations. If necessary actions can be undertaken in order to make some improvements.
- Draw up technical files
- Master and follow the corporation tax
- Ability to handle fiscal and bookkeeping information
Attitudes
General:- Eagerness to learn continuously
Job-related (specific):- Eagerness to work with numerical data
- Follow tax law
- Keep up the professional literature
- Willingness for continuous education in the field of profession
Materials used
::Click here for additional information::
"Vennootschapsbelasting" by Jos Vervoort, publisher Pelckmans
Study costs
Handbook: price about 25 euro
Copies at unit price determined under Hogeschool rules.
Study guidance
The lecturer is always ready to answer questions.
Through guided self-study individual problems are taken care of.
Teaching Methods
The theoretical part is dealt with in class.
Practical applications in groups or individually during the seminars.
Answers are discussed in class.
Assessment
- First exam session: 50% oral exam and 50% written exam
- Second exam session: 50% oral exam and 50% written exam
Students only enrolled for taking the exams:- First exam session: 50% oral exam and 50% written exam
- Second exam session: 50% oral exam and 50% written exam
Lecturer(s)
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